Just like with a car, getting quality insurance protection for your motorcycle should be one of the priorities on your to-do list. Motorcycle accidents occur just as frequently as car accidents, but the damage can be much greater. Obviously, with a motorcycle, there is a lot less protection from injuries, which means if there is an accident, there is a much higher chance of severe injury to yourself and your motorcycle.

At Longevity Brokers, we are pleased to offer quality insurance plans to our customers in Denver, CO. We help our customers get affordable insurance policies, everything from life insurance to homeowner’s insurance. If you have any questions about getting the best insurance products for your needs, contact one of our agents today.

What does Motorcycle Insurance Cover?

Just like with an automobile insurance policy, there are different types of motorcycle plans that can cover a variety of different expenses. Each policy is different and you can create an insurance plan that will fit your needs.

The more coverage that you get, the more that the premiums are going to be, but you can have a plan that will pay for the full replacement cost of your motorcycle if it’s totaled. These are the most comprehensive plans that are going to cost extra for coverage. Having coverage that will replace your bike could be worth the additional price, because in most cases, when there is a motorcycle accident, motorcycles tend to get banged up, which means that it could be an expensive acciddent.

Another important part of coverage to be aware of is any medical bills that could arise because of the wreck. Just like with automobile damage, you can get more or less coverage depending on what fits your needs. The coverage will pay for any hospital bills or medical care that you need because of the accident, those hospital bills can easily add up to thousands and thousands of dollars.

Additionally, there are additional coverage options that you can put into your plan. You can add coverage that will pay for any damages to additional equipment or upgrades that you have. If you have any sidecars or trailers attached to the motorcycle, with your coverage, you can have those repaired or replaced by the insurance company. Most basic plans are not going to cover any additional upgrades that you’ve installed on your bike, you would be required to pay for those repairs out-of-pocket.

How much Insurance do you need for your Motorcycle?

There are a lot of different factors that will determine how much insurance protection you need for your motorcycle. One of the biggest factors is what kind of bike that you drive. There are different kinds of bikes that are going to be more expensive to insurance than other types. For example, a crotch rocket is going to be more expensive to insurance versus a traditional motorcycle.

The way that insurance companies calculate insurance categories is by using a horsepower-to-weight ratio. Motorcycles with high horsepower and are lighter, tend to have drivers that ride less carefully and could have a higher risk of being involved in an accident.

Additionally, how you much you plan to ride and how you plan to ride your bike is going to impact how much insurance coverage you need. For example, if you plan to race dirt bikes at a track, you’ll need to get more medical coverage for your policy.

How much is your Motorcycle Insurance going to cost?

There are a lot of different factors that are going to be used to calculate how much you’re going to pay for motorcycle coverage. As we mentioned, the type of motorcycle that you own is going to play a huge role, but several other factors are going to be used to determine how much you pay for your policy.

Buying a cheaper or older bike is going to be less expensive to insure than a brand new bike. Additionally, motorcycles with larger engines are going to be more expensive every month because of how much more horsepower that they have.

Each insurance company is different, which means that all of them are going to look at your insurance needs differently. Some insurance companies are going to offer much lower motorcycle insurance coverage than other insurance companies. At Longevity Brokers, we are proud to offer affordable and quality coverage to anyone in the Denver, Colorado area.

Saving Money on Motorcycle Insurance

Aside from buying an older motorcycle or cheaper bike, there are several ways that you can save money on your insurance coverage. The easiest way is to take a safety driver course. These classes will type you how to react in specific situations and will improve your driving skills. If you provide proof of completing one of these classes, your insurance company will give you a discount on your coverage.

Additionally, you’ll want to ask your insurance agent about any discounts that are available for your plan. Insurance companies offer dozens of different discounts for a variety of things. It could be for being a part of an association or group, as well as for having a clean driving record. These are easy ways to save money, just simply by asking for discounts. Additionally, if you only take your bike out occasionally, you could get a discount for low mileage every year. Obviously, the less you ride it, the less likely you are to have an accident.

Motorcycle Insurance – what you need to know

In every state, a certain amount of liability coverage is required for motorcycle drivers. It’s important that you get the amount of coverage that is required by law, but you should also consider getting additional coverage to protect you and your bike.

At Longevity Brokers, we are proud to offer a wide variety of insurance products to protect all areas of your life. If you have any questions about motorcycle insurance, or about one of the other quality insurance plans that we offer, please contact us today. We would be happy to answer any questions that you have and insurance that you have the perfect insurance to fit your needs.